Monthly Magnesium Market Report Apr 2024

Contents
1. Market Highlights 3
2. Economy and Policy 3
2.1 Economy and Policy 3
2.1.Asian Metal Copyright2 Magnesium ingot 99.Asian Metal Copyright1 China's ten nonferrous metals production up by 7.1% YoY in 2023 3
3. Market Movements 3
3.1 Chinese Market 3
3.1.1 Magnesium Ingot 3
3.1.Asian Metal Copyright4 Shenmu Lizhen resumes magnesium alloy production 6 4.Asian Metal Copyright2 Magnesium Ingot 99.95%min 3
3.1.3 Magnesium Powder 4
3.1.4 Magnesium Alloy 4
3.2 Chinese Export Market 4
3.2.1 Chinese Magnesium Ingot Export Market 4
3.2.2 Magnesium Ingot in Warehouse Rotterdam 4
3.2.3 Magnesium Powder 5
3.2.4 Magnesium Alloy 5
3.3 International Market 5
3.3.1 Magnesium Ingot in Port India 5
3.3.2 Magnesium Ingot in Warehouse Russia 5
4. Company News 6
4.1 Fugu Jinchuan Hongtai plans to stop magnesium ingot production for equipment building 6
4.2 Fugu Fangzheng Magnesium resumes magnesium ingot production 6
4.3 Jiangsu Jingmei inks deal to build Mg-alloy wheel project in Zhaoling 6
4.4 Shenmu Lizhen resumes magnesium alloy production 6
4.5 Yulin Wanyuan Magnesium to resume magnesium ingot production 6
4.6 Shaanxi Sanxin Group Second Plant to resume magnesium ingot production 6
5. Producers Statistics 6
5.1 Magnesium Ingot 6
5.1.Asian Metal Copyright63% MoM in Apr 7 5.Asian Metal Copyright1 Chinese magnesium ingot producers' operating rate down by 8.92% MoM in Apr 6
5.1.Asian Metal Copyright1.Asian Metal Copyright2 Chinese magnesium ingot producers' output down by 8.92% MoM in Apr 7
5.1.Asian Metal Copyright3 Magnesium powder EXW DP 12 8.Asian Metal Copyright3 Chinese magnesium ingot producers' stocks down by 3.63% MoM in Apr 7
5.2 Magnesium Alloy 7
5.2.Asian Metal Copyright2.Asian Metal Copyright1 Chinese magnesium alloy producers' operating rate up by 4.18% MoM in Apr 7
5.2.Asian Metal Copyright5 Yulin Wanyuan Magnesium to resume magnesium ingot production 6 4.Asian Metal Copyright2 Chinese magnesium alloy producers' output up by 4.18% MoM in Apr 8
5.2.Asian Metal Copyright9%min in Port India 13 8.Asian Metal Copyright3 Chinese magnesium alloy producers' stocks up by 2.26% MoM in Apr 8
5.3 Magnesium Powder 8
5.3.Asian Metal Copyright3 International Market 5 3.Asian Metal Copyright1 Chinese magnesium powder producers' operating rate down by 1.42% MoM in Apr 8
5.3.Asian Metal Copyright4 China's magnesium scrap export volume decreased 47.Asian Metal Copyright2 Chinese magnesium powder producers' output down by 1.40% MoM in Apr 8
5.3.Asian Metal Copyright3 Magnesium powder EXW DP 12 8.Asian Metal Copyright3 Chinese magnesium powder producers' stocks down by 8.82% MoM in Apr 9
6. Export Statistics 9
6.1 China's unwrought magnesium export volume increased 71.11% MoM in Mar 2024 9
6.2 China's unwrought magnesium alloy export volume rose 57.45% MoM in Mar 2024 10
6.3 China's magnesium powder and granule export volume rose 97.02% MoM in Mar 2024 10
6.4 China's magnesium scrap export volume decreased 47.92% YoY in Mar 2024 11
7. Relevant Industry News 11
7.1 Shaanxi remains largest magnesium production hub for 11th year in a row 11
7.2 Shanxi reinforces mine safety measures 12
7.3 Shaanxi remains largest magnesium production hub for 11th year in a row 12
7.4 Yulin's Q1 magnesium metal production reaches 159kt 12
7.5 World's first commercial high-gloss stainless magnesium alloy debuted 12
8. Market Outlook for Next Month 12
8.1 Chinese Market 12
8.1.Asian Metal Copyright18% MoM in Apr 8 5.Asian Metal Copyright1 Magnesium ingot 99.9%min EXW D/P 12
8.1.Asian Metal Copyright4 Shenmu Lizhen resumes magnesium alloy production 6 4.Asian Metal Copyright2 Magnesium ingot 99.95%min EXW D/P 12
8.1.3 Magnesium powder EXW D/P 12
8.1.4 Magnesium alloy AZ91D EXW D/P 12
8.2 International Market 13
8.2.Asian Metal Copyright3 Magnesium Powder 8 5.Asian Metal Copyright1 Chinese magnesium ingot 99.9%min FOB China 13
8.2.Asian Metal Copyright1% YoY in 2023 3 3.Asian Metal Copyright2 Magnesium ingot 99.9%min CIF Rotterdam 13
8.2.Asian Metal Copyright2 Magnesium Ingot 99.Asian Metal Copyright3 Magnesium Ingot 99.9%min in Port India 13
8.2.Asian Metal Copyright1 China's ten nonferrous metals production up by 7.Asian Metal Copyright4 Magnesium Ingot 99.9%min in Warehouse Russia 13
8.2.Asian Metal Copyright2.Asian Metal Copyright5 Chinese magnesium powder 99.9%min FOB China 13
8.2.6 Chinese magnesium alloy AZ91D FOB China 13









.Asian Metal Copyright5 Yulin Wanyuan Magnesium to resume magnesium ingot production 6 4Asian Metal Copyright